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Malaysia's commodities minister said the country has no plans to raise its palm oil biodiesel blend to 20% from 10%. Required infrastructure investment is estimated at 643 million ringgit, which industry and government are unwilling to fund.
A 20% mandate already applies in Labuan, Langkawi and most of Sarawak.
Without a higher Malaysian biodiesel mandate, domestic palm oil demand from biofuel stays limited, leaving more supply for exports and weighing on prices.
reuters.comFeb 24, 2025After 400 past bearish policy events, PALMOIL moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.1%), and +0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
